Lowest brokerage charges in India
Brokerage is one side of cost — statutory charges (STT, exchange, SEBI, stamp duty, GST) and DP charges sit on top. This ranking computes the headline brokerage on a sample basket — one ₹1L delivery trade, one ₹1L intraday trade, and 5 options lots — on each broker's default plan, then sorts ascending.
Computed brokerage only (not statutory) on a sample basket of: 1× ₹1,00,000 delivery + 1× ₹1,00,000 intraday + 5× options lots, using each broker's default plan. DP charges excluded — they are flat per scrip and don't differ much across brokers.
- #1
Sahi is a discount broker operated by Aaritya Broking Private Limited (SEBI INZ000317632, CDSL IN-DP-780-2024).
Sample-basket brokerage₹70.00 - #2
Indiabulls Securities (also operating as Dhani Stocks; same SEBI license, same rates) offers a flat ₹11-per-order plan across all segments, plus an Unlimited subscription at ₹500/month for zero brokerage on equity, F&O, and currency..
Sample-basket brokerage₹77.00 - #3
Stocko (South Asian Stocks Ltd, formerly SAS Online; being acquired by InCred Money, pending rebrand to InCred Stocko) is a Delhi-based deep-discount broker offering a Lite per-order plan (lower of % or ₹12.99) across all segments..
Sample-basket brokerage₹87.94 - #4
Alice Blue is a SEBI-registered discount broker (founded 2006, Erode).
Sample-basket brokerage₹90.00 - #5
ProStocks (Sunlight Broking LLP) is a flat-fee discount broker offering brokerage-free equity delivery, ₹15 flat per order on intraday/F&O, and unlimited monthly/yearly subscription plans starting at ₹899/month.
Sample-basket brokerage₹90.00 - #6
TradeSmart (operated by TradeSmartFintech Securities Ltd, formerly VNS Finance, founded 1994) is a SEBI-registered discount broker offering a percentage-based Value Plan and a flat ₹15 Power Plan across all segments..
Sample-basket brokerage₹105.00 - #7
Self-directed traders and investors who prefer flat-fee pricing and rich tooling over advisory hand-holding.
Sample-basket brokerage₹120.00 - #8Sample-basket brokerage₹120.00
- #9
Paytm Money is a SEBI-registered discount broker by One 97 Communications.
Sample-basket brokerage₹120.00 - #10
INDmoney is a SEBI-registered discount broker for Indian stocks (and a US-stocks aggregator on a separate product).
Sample-basket brokerage₹120.00
Plug your typical trade values into the brokerage calculator for the exact landed cost. Open the brokerage calculator.
Related rankings
Frequently asked
What people ask about lowest brokerage charges in india.
On a typical retail basket the cheapest brokers in India tend to be Zerodha, Dhan, Upstox and Groww — each at flat ₹20 or below on intraday and options. The exact ranking flips depending on what you trade and how often. Use the calculator on each broker page to compute your specific landed cost.
No. Brokerage is just the broker's fee. Total trading cost includes STT, exchange transaction charges, SEBI turnover fee, stamp duty, GST on brokerage + transaction charges + SEBI fee, and DP charges (on sell side). On a typical retail trade, statutory charges are often larger than brokerage.
Most discount brokers charge a flat fee per executed order (typically ₹20) or a small percentage of turnover (typically 0.03%–0.1%), whichever is lower. Some charge per lot for options. Full-service brokers charge a percentage of turnover with no flat cap, which makes them dramatically more expensive on large trades.
Not always. For high-frequency traders, brokerage savings matter more than anything else. For low-frequency investors, the app, support and reliability outweigh ₹5 of brokerage difference per trade. Match the broker to your trading style, not just to the headline fee.